Fundsmith handed clean sheet after section 166 review
Terry Smith’s boutique has been given recommendations but will not need to take further action
Companies
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Titan Wealth swoops on second DFM this year
Deal adds around £180m in AUM
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Weekly outlook: Sainsbury’s sheds light on cost-of-living squeeze and flurry of US jobs data
Key events for UK wealth managers for the week starting 4 July
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Acquisitions help Kingswood deliver whopping 488% jump in revenue
It is in talks to buy eight more companies
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FNZ invests in cash management and savings fintech firm
It is ‘more important than ever for the wealth industry to be focused on delivering great consumer outcomes’
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Consolidator secures £5.3m loan for IFA acquisition spree
Funds give the company ‘financial firepower’ to accelerate its plans
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Progeny buys international wealth manager The Fry Group
Expanding its footprint beyond the UK by adding offices in Hong Kong, Singapore, Dubai and Brussels
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Capital Group eyes move to bigger and greener London HQ
The premises in Paddington Square will support plans to increase headcount in the next 10 years
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Tavistock hails ‘most successful trading year’ in its history
A year after rebuffing an unsolicited £15.2m takeover bid
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Polar Capital profits dive 18% after tech sell-off bites
Technology-focused strategies see a reversal in fortunes as investors pull £1.3bn
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Rockwood Strategic plots LSE listing after strong year
Main market move would help improve investment company’s tax efficiency
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Baillie Gifford UK arm shed £7.2bn as growth sell-off ramped up
But profits in its last financial year were up 22%